the economy grow modestly. >> despite big increases in the cost of energy, raw materials, and oil, private consumption is up. that is the first reason. the second is that the german economy remained competitive last year despite a weaker environment, and that has given exports a boost. >> exports are the backbone of the german economy. they continued to grow last year, albeit at a slower rate. companies are proceeding with caution. they are cutting investment amid uncertainty about what the new year will hold, especially for the eurozone. in 2011, the german economy grew by 3%. that figure dropped to 0.7% last year. the economy even contracted in the final quarter. the government is poised to cut its own forecast for 2013 to just 0.5%. that is unlikely to have an immediate impact on the jobs market. the unemployment rate is expected to see just a small rise this year. >> for, let's cross over to a frankfurt -- to frankfurt. not necessarily the greatest news for those without a job, but there was good news for the german tax man. >> absolutely. the government has been able to reach its budg

. >> the coach has to be strong, passionate, and have the energy to enjoy every single game. >> the triple would be the perfect leaving president before the current coach hands over. >> despite the sweltering heat, it was a good day for the world's top seeds at the australian open. both serena williams and victoria made it in the third round. >> in the midst contest, -- german #1 also made it through. it is a moving story full of ups and downs and featuring an unsung hero of modern life. >> yes, it is the story of an escalator. the moving staircase is celebrating its birthday. the first one went into operation in new york 120 years ago. >> during the years, escalators have come a long way. >> as darkness falls, it becomes more than just a mode of transport -- it looks like a work of art. this escalated takes visitors into a museum, a former coal mined in western germany. it is an arrival in style. >> the color, this orange is not because it was thought up by the stardust architecture -- architect. it is made to symbolize the glow of smoldering steel. >> it is 58 meters long, 24 meters up, and ha

in talks over the country's nuclear program. >> the announcement by the international atomic energy agency follows two days of intense negotiations with tehran. inspectors are trying to get access to a military site, which is allegedly used to test components for nuclear weapons. iran, though, denies that and underscores its right to nuclear research for civilian purposes. in -- another meeting is scheduled for february. >> all right, some business news now, and the chinese economy has beaten expectations for the final quarter of 2012 after nearly two years of relatively tepid performance by the world's second-largest economic power. gross domestic product rose by 7.9% and 7.8% for the year as a whole. analysts say the outlook for china may be improving. chinese exports have continued to fall, but retail sales and industrial production have started to pick up. and germany's second biggest lender, commerzbank, could cut up to 6000 jobs according to a report. while there have been months of speculation over possible cuts, this latest story suggests 1910 positions in germany could go. the ban

Excerpts 0 to 2 of about 3 results.